News
Europe wants mixed cover for satellite system
The European Union (EU) is today likely to take the next step towards setting up a global satellite n...
More cash for Goshawk Re
London (re)insurer Goshawk has added $65m to the capital of its Bermudian reinsurance subsidiary Gosh...
Trenwick America Re defaults on debt
Trenwick America Re, part of Bermudian reinsurance group Trenwick, has defaulted on a senior debt wor...
Lloyd's starts arbitration over insurance policy
Lloyd's has started arbitration proceedings against a group of six (re)insurers who are withholding p...
Gerling sale to HDI falls through
Troubled (re)insurance group Gerling has ceased negotiations with fellow German insurer HDI about a s...
Rediary
APRIL 2003 3-4 12th International Space Conference Florence, Italy Pagnanelli Risk Soluti...
New Bermudians have good first year
Full year figures released by Bermudian (re)insurers that set up after the 11 September 2001 terror...
Signs mean a big freeze
There is no real doubt about global warming, says Bill McGuire, who sees another ice age as a bigger risk than rising sea levels and soaring temperatures, particularly for (re)insurers.
Banner year for Berkshire
Berkshire Hathaway's (re)insurance operations returned to profit in 2002, despite hefty reserve str...
Ugandans back first domestic reinsurer
A new domestic Ugandan reinsurer could be doing non-life business by the end of the year, after att...
Rebriefs - Incisive Media publishes 2003 Directory
Incisive Media has published its 2003 UK Insurance Directory, priced at £285. Subscribers to Reinsu...
Swiss Re taps growing fears
Swiss Re has stepped up its campaign to highlight the risks of the unavailability of water. Las...
Mapfre plans next moves
Spain's largest reinsurance firm, Mapfre Re, plans to focus on new markets and expand its business ...
A little discipline goes a long way
It is now time for insurance companies to take positive action. With the dramatic increase in risks - and claims - the industry must ensure its product is priced at the right level and that risk management is pushed high up on the agenda, says Rachel…
Appointment at Catlin
Paul Jardine (right) has been appointed chief executive of Lloyd's managing agency Catlin. Before, ...
The dragon stirs
With colossal growth forecast for the Chinese (re)insurance market, and post-WTO liberalisation opening up the country, foreign (re)insurers ignore China at their peril, warns Dr Kai-Uwe Schanz.
Moody's says Lloyd's will halt losses
Losses at Lloyd's could total £4.5bn for the 2000 and 2001 years of account, but the market will re...
Chairman of Alea (Bermuda) resigns
Loay Al-Naqib, chairman of (re)insurer Alea (Bermuda) has resigned. He is not being replaced. As ch...
Rebriefs - Moody's downgrades Copenhagen Re
Rating agency Moody's has downgraded from 'Caa2' (very poor) to 'Ca' (extremely poor) its financial...
Appointment at Endurance Specialty
Endurance Specialty, the Bermudian (re)insurer, has appointed Thomas Bell president. Mr Bell was fo...
Prospects look good for ART
In the post-11 September 2001, post-Enron world of hard (re)insurance rates, jittery shareholders and woeful investment returns, what future is there for alternative risk transfer? Janina Clark finds some predictions in a recent Swiss Re sigma report.
Rebriefs - Aon and Marsh licensed in India.
Aon and Marsh have become the first foreign (re)insurance brokers to be licensed in India. Each will...
Speed is of the essence
As I write, the US and the UK appear to be on the brink of war with Iraq. After weeks of diplomatic...
Major catastrophe losses on the rise
The number and severity of major catastrophes and the resulting insured losses are increasing, acco...